German Business Morale Sours For Fourth Straight Month In August

BERLIN (Reuters) - German business sentiment dropped for a fourth
straight month in August, suggesting concerns about the Ukraine
crisis and the impact of sanctions against Russia are sweeping
through corporate boardrooms in Europe's largest economy.

The Munich-based Ifo think tank's business climate index, based
on a monthly survey of some 7,000 firms, fell to 106.3 from
108.0. The Reuters consensus forecast had been for a decrease to
107.0.

It was the lengthiest period of decline since the height of the
euro zone crisis in summer 2012 and sent the euro to a day's low
against the dollar.

(Reporting by Michelle Martin; Editing by Noah Barkin)

Read the original article on Reuters. Copyright 2014. Follow Reuters on Twitter.